Mark Hoban, the UK's financial secretary to the Treasury, on Monday said the financial crisis meant London could no longer stand alone as a financial hub and required a stronger voice in dialogue with Europe on regulation.

At a dinner held by the British Bankers' Association, Hoban said: "Domestic responses to the crisis alone are not enough to ensure stability, because the global financial services industry stands and falls together. So we as a government want to have a strong voice in the